Ripple connects banks, payment providers, digital asset exchanges and corporates via RippleNet to provide one frictionless practice to send money globally.
XRP coins power the Ripple network.
This guide is not, and should not be regarded spil ‘investment advice’ or spil a ‘recommendation’ regarding a course of act.
Note: Pics can be clicked to see a larger version. If you’re confused by any terms used, a glossary can be found here.
There are two ways to buy Ripple.
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1) Buy Ripple directly using a credit/debit card. This is effortless and quick, but you can get less coins for your money.
Two) Buy the cryptocurrency Ethereum and exchange it for Ripple. This is more time consuming and complicated, but you can get more coins for your money.
Choose which method you’d like to use and the guide will proceed:
Very first wij need to install a wallet on your pc to store your Ripple coins.
Wij recommend the Toast wallet downloaded here. Pick the adequate verkeersopstopping for your laptop and click the verbinding to download (For an effortless install practice, Windows users can pick the ‘Portable Executable’ listed under Windows).
Merienda the opstopping has downloaded, open it.
Read the warnings the wallet gives you. Make sure you understand them.
When you’re ready to proceed, press ‘Create a fresh wallet’.
Come in a six digit security code to secure your fresh wallet. And then do it again, to confirm you’ve entered it correctly.
Note: Make sure you recall this code- if you lose it you could lose access to your coins.
Now inject a complicated passphrase. This will be used to encrypt your wallet.
Note: Make sure you recall this passphrase- if you lose it you could lose access to your coins. Think about backing it up somewhere safe and secure incase you do leave behind it.
Significant Note: Wij all hear of computers and phones being hacked. Websites running illicit code to steal passwords. Phishers tricking people into clicking linksaf that steal information from their computers.
Another line of defence to keep our coins from being siphoned out of our wallets is essential.
And that’s a hardware wallet.
Hardware wallets ass-plug into your pc like a USB stick, and they have one job- to be a firewall inbetween your Ripple and the outside world.
To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and stir your coins.
Hardware wallets made by Ledger support the storage and sending of Ripple.
Our recommendation is to get a Ledger Nano S from their official webstek or Amazon.
Their Nano S makes it effortless to manage your coins- it’s klein and discreet, and wallet management is achieved through a puny LCD screen and two buttons.
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Merienda you have your Ledger, here’s a step by step guide to setting it up.
The wallet will now give you a warning. Read it. Understand it.
Copy the six word recovery phrase down and store is somewhere safe and secure.
Note: If you lose this phrase you can lose access to your coins.
Click the two slide boxes when you understand the warning they represent then press ‘Finish setup’.
If you want to donate to the Toast project you can at this stage. Or press ‘Not at this time’ if you don’t want to.
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Press ‘Add account’.
Press ‘Generate address’.
Inject your passphrase and click ‘Invoer this address’.
You will be informed it’s time to create a backup of your wallet. Press ‘Create a backup now’.
You will be shown a big chunk of code. This if an encrypted copy of your wallet. Press the ‘Copy’ button.
Paste this backup code somewhere safe, such spil te a text opstopping that’s backed up on a USB stick that’s kept somewhere safe and private.
Note: If your laptop is lost/stolen/corrupted you can use this backup to restore your wallet.
Merienda you’re done backing up, press the ‘Huis’ button (marked with a house icon) along the bottom menukaart.
Press the wallet address you just set up- it will say ‘(not activated)’ but don’t worry about that yet.
Press the clipboard button beside your wallet address. This will copy it to your pc’s memory.
Paste this wallet address into an email or text verkeersopstopping so you have it effortless to palm spil you’ll need it soon.